Credit Information

Cash Advance - How Does It Work?

If you want a cash advance or a payday/paycheck loan, you usually get a personal check. Some companies use your bank account or credit card in addition to or instead of a check. This means that you have to write a check that is to be cashed or you have to agree to have an amount withdrawn from your bank account at a certain date in future (usually 14 days). After filling-in the agreement or contract you get a sum of money that is less than what you have agreed to pay. The sum is smaller because the difference is the "fee" for the loan service. Why would the company loan you money like this? Because loaning out money in this way and getting these "fees" really brings them a huge profit at your expense.

If we assume that you borrow $200 and the "fee" is of $15 for each $100, within 14 days you will have to give back $230 for the $200 that you borrowed. If by borrowing the $200 you avoid paying a $100 late fee or penalty on something, then it is worth the effort. But if you just need the money for yourself, the price is too high.

Simple math shows you that you are paying 15% interest for a 14-day loan. That means 3785 dollars compounded interest per year. So now you can understand why lenders are so very happy to give you the money. If they loan you $100 and you pay them back $15 more in only two weeks and they loan out the $100 again along with the $15 they got from you, by doing this for one year, they will turn their $100 into $3785. This is the proof you needed that it's better to lend them your money than to borrow from them.

Dominic is the author of this article. This article may be reproduced on websites subject to credit being given to the author, and a link to this website. If you would like more information go to

5 Places Never to Use a Debit or Credit Card  Yahoo Finance

In today's cashless culture, nearly all of our purchases (including those new ankle-boot beauties ) are paid for via credit card. But with all the identity theft...

Man With History Of Making Fake Credit Cards Now Facing Charges Here  KELOLAND TV

KELOLAND Investigates looks into the background of a man accused of making and using fake credit cards in Sioux Falls. We discovered he's done the same ...

How to Build Business Credit from Scratch  Nav

So, you just found out about business credit scores and want to build your business credit profile. Here are some steps to doing so from scratch.

Credit Suisse says lighten up on emerging markets stocks after big comeback  CNBC

Emerging-market stocks are off to a roaring start to the year, but investors might want to take some profits after the big move up, according to Credit Suisse.

LendingClub Slides as View Miss, Credit Fears Worry Analysts  Yahoo Finance

Analysts cut their price targets, and flagged credit concerns and tighter lending standards. LendingClub has “taken credit and pricing actions to resolve ...

Police seek ID of man who robbed credit union in Moraine  Dayton Daily News

Investigators have released photos of a man who police said robbed a DayMet Credit Union branch in M...

Global Recession Fear Is Suddenly Stalking the Credit Market  Bloomberg

The risk of a global recession has surged to the top of the worry list for credit investors even as they push down their cash balances to snap up new-year ...

Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns  Reuters

A U.S. judge has rejected Credit Suisse Group AG's bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders about its risk appetite and risk ...

Credit union says skimmer was used in bank card scheme  WILX-TV

American One Credit Union managers say they believe a skimmer was used to steal card information from 600 ATM users in Jackson.

Greenwich senior tax credit hits another delay  Greenwich Time

GREENWICH — The attempt to renew an existing property tax credit for low-income Greenwich seniors encountered another delay Tuesday night as the Board ...

Buying Bitcoin with Your Credit Card News

It is possible to buy bitcoin with your credit card, but there are a few things to be aware of before doing so.

Spokane Federal Credit Union breaks ground on space to share finances and cup of coffee  The Spokesman-Review

Spokane Federal Credit Union broke ground Tuesday on its new Spokane Valley branch that will share a space with Revel 77 Coffee.

Elwyn moving staff to Camden after $39M tax credit  The Delaware County Daily Times

MIDDLETOWN — Elwyn announced it plans to move up to 200 administrative staff to Camden, N.J., after winning $39.6 million in tax credits in exchange for a ...

4 Things I’ve Learned on My Journey to Great Credit  Yahoo Finance

Not everyone with great credit started out that way. Here's my journey from bad credit to great credit, and four valuable things I've learned on the way.

CCPD nabs suspect using counterfeit credit cards to buy large amounts of fuel  Wink News

Authorities arrests a Cape Coral man purchasing large amounts of diesel fuel on over a dozen counterfeit credit cards. The suspect, Alain Misiara Erbite, 28, ...

Florida remains hotbed for deals between credit unions, banks  American Banker

Fairwinds Credit Union's deal for Friends Bank marks the third time this year that a Florida bank has agreed to be sold to a credit union.

Best business credit cards for travel

The best credit cards for business travelers can make the journey more comfortable, more affordable and even more luxurious.

Failing Payless to honor gift cards, store credit into March  WHNT News 19

TOPEKA, Kan. — The failing Payless ShoeSource chain will honor gift cards and store credit until March 11th as the company liquidates all operations.

14 credit card skimmers found in Arizona so far in 2019  ABC15 Arizona

Officials have already found several credit card skimmers in the Valley this year.

New credit reporting option could raise your credit score

For decades, your FICO score was based on payment history with loans and credit cards.

How Should We Be Thinking About Credit Spreads?  Seeking Alpha

What is your time horizon? Credit spreads have been compressing in recent weeks but are materially wider than one year ago. The market may be nearing new ...

Bill Proposes to Fix Credit Reports for Federal Employees

A new bill would force credit bureaus to remove negative information on federal employees' credit reports that resulted from the recent government shutdown.

The Latest: Trump takes credit for blocking IS woman from US  WJHL-TV News Channel 11

WASHINGTON (AP) - The Latest on the Alabama woman who left home to join the Islamic State group in Syria and now wants to return to the U.S. with her child ...

Captain Marvel: Pre and post credit scenes revealed and 'THIS one will make you CRY'  Express

CAPTAIN MARVEL preview screenings have revealed three post and pr-credit scenes – one of them will reduce you to 'tears' and this is why. But are there any ...

Analysis shows there are still economic problems ahead: Credit Sights  Yahoo Finance

Analysis from Credit Sights shows weak retail sales and the reluctance for U.S. banks to make consumer loans are signs of economic risk. Yahoo Finance's ...

Major Strategic Priorities for Banks and Credit Unions in 2019  The Financial Brand

Banks and credit unions have wildly different strategic priorities for loan and deposit growth. But few are actually walking the talk.

CapitalOne Business CreditWise vs. Nav: Free Business Credit Reports Compared  Nav

CapitalOne recently announced Business CreditWise, a *service* that offers business owners a free business credit report and ongoing monitoring. Nav has been ...

Report card: Boston keeps AAA credit ratings for fifth consecutive year  Boston Herald

The city of Boston has kept its AAA ratings with the country's largest bond rating agencies, Moody's Investors *Service* and Standard & Poor's, for the fifth ...

FORUM Credit Union announces new council members - Business  WTHR

INDIANAPOLIS (WTHR) — FORUM Credit Union welcomed three new members to their advisory council and extended the term of ten other members.

Police searching for pair of credit card thieves  FOX 29

Police are asking for your help to identify two suspects wanted for after allegedly using a stolen credit card. Officials say they were called out to 1002 River Road ...

Erdogan Makes Cheap Loans a Central Plank in Campaign Trail  Bloomberg

Turkey's government is making cheap credit a key part of its campaign, pushing banks to take on greater risks in an economy that's already teetering on the brink ...

Sebastian Joe's, Dunn Bros., Chino Latino hit by credit card data breach  City Pages

What do Maple Grove steakhouse Pittsburgh Blue, Minneapolis ice cream sensation Sebastian Joe's, and St. Paul-based coffee chain Dunn Bros. have in ...

Retirement home employee used 95-year-olds credit card to pay car note, deputies say  Gainesville Sun

Essence Kiara Johnson, 29, of Gainesville, was charged with grand theft, illegal use of a credit card and exploiting the elderly.

Firefighters Credit Carbon Monoxide Detectors for Saving Lives at Apartment Complex  9&10 News

Firefighters say carbon monoxide detectors are to thank for alerting several people of elevated gas levels at a Grand Traverse County apartment complex.

Carson City investigators ask for public's help identifying burglary, credit card fraud suspects  Carson Now

The Carson City Sheriff's Office Investigation Division is asking for public assistance in identifying possible suspects in a residential burglary and subsequent ...

Credit-scoring changes coming in 2019  Big Country Homepage

Get ready for the biggest shift in credit reporting and scoring system in decades.

Barack Obama Takes Credit For Steph Curry's Lethal Jump Shot  TMZ

Being the president is pretty cool... but Barack Obama's biggest accomplishment came on the hardwood.

Bankers: Mega credit unions should give Iowa families the break they deserve  Des Moines Register

Mega credit unions are no longer focused on fulfilling their tax-exempt mission to serve the "little guy."

Cloned credit cards used in hotel room rentals

Anthony Wingert and Shay Wright-Mack were arrested February 5 near a Troutdale motel, the Multnomah County DA's Office said in a release.

Credit Card Data Breached at Shops Across Minnesota  WJON News

Credit card information for customers at a number of businesses in central and greater Minnesota could have been compromised last month.

Abu Dhabi Oil Giant's Credit Ranked AA as Aramco Seeks Rating  Bloomberg

Abu Dhabi's government-owned oil giant received the region's highest credit rating as Middle Eastern producers, including the world's largest Saudi Aramco, ...

Man robs Flagstaff's One AZ Credit Union Tuesday afternoon, flees the scene  Arizona Daily Sun

The Flagstaff Police Department is requesting help in identifying the suspect who robbed the OneAZ Credit Union on the corner of South Beaver Street and West ...

Instagram’s fundraiser stickers could lure credit card numbers  TechCrunch

Mark Zuckerberg recently revealed that commerce is a huge part of the 2019 road map for Facebook's family of apps. But before people can easily buy things ...

Multi-state scheme to steal Home Depot customer credit cards ends in Cincinnati traffic stop  WCPO

CINCINNATI — A routine traffic stop in Cincinnati in 2017 unraveled a nationwide scheme to defraud Home Depot by stealing customer credit card numbers, ...

Enter the ‘Twilight Zone’ as Stock Nightmares Meet Credit Dreams  Bloomberg

By one measure, it's been decades since stock traders were willing to pay so much for the strongest companies out there -- just as credit investors rush to the ...

Suspects sought for stealing purse and credit cards from vehicle  FOX 8 Live WVUE

KENNER (WVUE) - The Kenner Police Dept. is searching for two subjects they say stole a purse and credit card from a vehicle. Police say on Feb. 6 a vehicle ...

Fraud investigation at University of Iowa Community Credit Union branch leads to arrests  KCRG

HIAWATHA, Iowa (KCRG) - Police have arrested two people after a fraud alert from an ATM triggered an investigation in Hiawatha.

After merger, Army Aviation Center Federal Credit Union getting new name  Dothan Eagle

After the announcement of a merger with Wiregrass Federal Credit Union last week, Army Aviation Center Federal Credit Union is getting a name change.

North Texas Law Enforcement Face Challenges In Catching Credit Card Skimmers  CBS Dallas / Fort Worth

NORTH TEXAS (CBSDFW.COM) – With new technology comes new challenges. Monday night the CBS 11 I-Team showed how gas pumps skimmers are on the ...

Stretch Your Dollar: Changes that might affect the way your credit score is calculated

Get ready for a big change in credit reporting. Two of the companies that help determine your cost to borrow money are adding new features this year that could ...

As Hawaii's film industry thrives, some fear tax credit cap could put it in jeopardy  Hawaii News Now

"Jurassic World: Fallen Kingdom" has smashed box office records, surpassing the $1 billion mark worldwide within weeks of being released.

Fraudsters steal credit card info from dozens across the Tri-Cities  KEPR 19

TRI-CITIES, Wash. -- A group of fraudsters have stolen thousands of dollars from unsuspecting Tri-Cities shoppers. Police say they're looking for them.

Tourism board seeks $100K line of credit | Education  Times Daily

FLORENCE — The Florence/Lauderdale Tourism Board in a called meeting Tuesday voted to enter into discussion with the city's chief accountant about ...

Big Island man charged on 25 counts of credit card theft  Honolulu Star-Advertiser

Big Island police have charged a 24-year-old Pahoa man in connection with multiple financial crimes. On Feb. 13, officers responded to a business on ...

How to spot and avoid credit card skimmers  Yahoo Finance

The moment I started seriously worrying about credit card and debit card skimmers wasn't when my entire bank account was transferred to Turkey, or when I had ...

Medford Police Looking For Credit Card Fraud Suspect  KDRV

Medford police are asking for the public's help in finding a male suspect responsible for fraudulently using credit cards at multiple locations around the city.

Tax credit bill for family caregivers in Wisconsin released  WSAW

A bipartisan proposal backed by AARP would create a $1000 income tax credit for family members in Wisconsin who give care to qualified disabled and elderly ...

Get ready to pay higher credit card fees  Bangor Daily News

Consumers will need to watch their credit card bills even more closely starting in April, when Visa, Mastercard and others will increase fees.. Maine news, sports ...

Corporate Credit Could Be the Next Bubble to Burst  Barron's

Debt Be Not Proud: The danger in the complacency about corporate credit.

New widow wants to establish credit in her own name: Money Matters

My husband passed in April 2018. Currently, my credit score is good and is in both our names. Our credit files are frozen. I have been using two credit cards in ...

Rep. Alexandria Ocasio-Cortez takes aim at Equifax and credit scoring  The Washington Post

Freshman Rep. Alexandria Ocasio-Cortez (D-N.Y.) took aim at the credit reporting agency Equifax over the weekend, criticizing the company — which disclosed ...

Credit and Debit Cards Raising Fees on Merchants, Highlights Comparative Advantage of Cryptocurrencies  Dash News

Posted by Justin Szilard | Feb 19, 2019 | News |. Credit and Debit Cards Raising Fees on Merchants, Highlights Comparative Advantage of Cryptocurrencies.

The Future is Here: Social credit scores  CBS 8 San Diego

SAN DIEGO (NEWS 8) - It's a futuristic and frightful concept cleverly captured in a popular episode of “Black Mirror” on Netflix. The premise is a system rating ...

How young people can build their credit  CNBC

Young people shouldn't wait until they graduate college to start building their credit history. Here are some ways that people ages 18 to 22 can start doing that.

GOAT App Offering $1000 In Credit For The Best Custom Sneakers  HotNewHipHop

GOAT is encouraging consumers to transform their white sneakers for cash. If you're familiar with the shoe world and the resale market than you surely know w...

North Bay Credit Union takes rare step of opening business accounts for cannabis operators  The Santa Rosa Press Democrat

Across California where recreational marijuana sales became legal Jan. 1, 2018, cannabis enterprises typically remain cash-only businesses unable to access ...

China Credit Growth at Record in January Amid Seasonal Surge  Bloomberg

China's credit growth exceeded expectations in January amid a seasonal lending surge at the start of the year.

These Bay Area cities have some of the highest credit scores in the country  The Mercury News

Despite one the most expensive housing markets in the nation and a rising cost of living, residents in three Bay Area cities have some of the best median credit ...

Getting and keeping the credit (score) you deserve  WTOP

Your credit can affect everything from everyday shopping to big ticket purchases, from where you live to getting a job or starting your own business. Nina Mitchell ...

4million Brits set for £280-a-month boost from Universal Credit – but others could be plunged into poverty if  The Sun

Amber Rudd hailed a *fresh* report which said the new benefits system will help pull hundreds of thousands out of poverty in future, but vowed to do more to make ...

"Credit cards are a scam!" says Bongani  East Coast Radio

Bongani's cousin wants a credit card and has even been offered one by a financial institution. Bongani's warned him not to ever go down that road.

Marriott’s new Bonvoy credit card bonus: 100,000 points!  San Francisco Chronicle

TravelSkills has partnered with The Points Guy for our coverage of credit card products and may receive a commission from card issuers. Along with Marriott's ...

'Crooked cupid' accused of stealing credit cards for Valentine's Day gifts  KTRK-TV

Video shows the man purchasing several Valentine's Day gift cards with stolen credit cards.

Alexandria Ocasio-Cortez's War on Credit Scores Is a Big Deal  Truthout

Credit scores: Everyone's got one, even if they don't know it — and these numbers can have a profound impact on the trajectory of your life. Representative ...

It's Official: Marriott Bonvoy Credit Cards Are Now Live With 100K Point Offers  Forbes

Forbes has partnered with The Points Guy for our coverage of credit card products. Forbes and The Points Guy may receive a commission from card issuers.

The top 5 US cities with the best—and worst—credit scores  CNBC

A credit score is an important measure of financial health and can signify your trustworthiness to institutions. To find which places have the best and worst scores ...

Hamas claims credit as head of elite IDF unit steps down after Gaza raid  The Times of Israel

Terror group says Sayeret Matkal commander's unexpected decision to leave his position is the 'direct result' of its derailing special forces operation in ...

The Debt Panel: 'Will my Dh47,000 credit card dues in Dubai be listed with Interpol?'  The National

I worked in Dubai last year and signed up for three credit cards from three different banks. I then had a family emergency and returned home to Mexico, as my ...

The Best Credit Unions for Federal Employees

If you have ever considered joining a credit union, these are some that offer membership and benefits for federal employees and military.

Payday loans skyrocket as households pushed into risky forms of credit  ABC News

As banks pull back on new finance and tighten credit after the royal commission, households are being pushed into riskier forms of credit — leaving many ...

Goldman Sachs Citi Invest in Credit Card Alternative Data Firm, Second Measure  Fortune

Goldman Sachs and Citi are investing in Second Measure, a company sorting credit card information via geography, price per customer, and more.

Credit card skimmer discovered in Jefferson County | News  WTXL ABC 27

JEFFERSON COUNTY, Fla. (WTXL) - Authorities are investigating after a credit card skimmer was found at a gas station in Jefferson County.

Flybmi tells customers to seek refunds from credit card companies  The Guardian

Flybmi is advising customers to seek refunds from credit and debit card companies or rebook with other airlines after the company collapsed late on Saturday, ...

Happy Death Day 2U’s after credits scene teases future of the franchise  Polygon

Happy Death Day 2U features the kind of after-credit scene you're more likely to see in a Marvel flick than a horror sequel. I don't think we have to warn you of ...

It’s official: 80/20 limit on tip credit won't be enforced  Restaurant Business Online

The U.S. Department of Labor officially killed the 80/20 rule for determining when restaurants can count servers' tips as part of their.

The laity can take credit for the defrocking of McCarrick. What’s next?  Lifesite

Maybe a continued swelling chorus of outrage will force further action to eliminate the broader corruption that has been exposed by this scandal.

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade  Reuters

Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit ...

Credit union robbed in Wyoming; 1 suspect sought

Police are looking for the suspect in a robbery at a Lake Michigan Credit Union in Wyoming.

Education minister does about-face on high school credit clawbacks  Edmonton Journal

Alberta's education minister has cancelled an $11.3-million clawback from 59 school boards whose students took too many high school credits last year.

home | site map
© 2007